True Wealth: How and Why Millions of Americans Are Creating a Time-Rich,Ecologically Light,Small-Scale, High-Satisfaction Economy
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True Wealth: How and Why Millions of Americans Are Creating a Time-Rich,Ecologically Light,Small-Scale, High-Satisfaction Economy
neighbors could share expensive items that are only used periodically, such as riding mowers.
DICE uses a high number to “discount,” or reduce the value of, future income and consumption. Its assumption is
Market work generates income, which is used to buy food, products, energy, and mobility.
Each year, the U.S. government underwrites the oil, gas, nuclear, and coal industries to the
A third principle is customization, which brings us to the retail environment that supports the plenitude spending model.
A second sustainability principle is multifunctionality.
people maximize their well-being, and that they do so through exchanges with others. The influential formulations of Gary Becker and the Chicago school hold that this economic approach to human behavior can be applied to anything. People can decide that what matters most to them is preserving nature, raising children,
Leisure is also more commodified, meaning that for any given hour of free time, there are more dollars spent.
an hour of restaurant eating uses 11 kilowatt-hours of energy, while an hour of eating at home (including all travel for food purchasing, gas for cooking, and so forth) uses only 7.4.